Screen for Trends with Bollinger Bands & Twiggs® Money Flow
In a recent newsletter I highlighted a strategy for trading trends using Bollinger Bands and Twiggs Money Flow.
Now there is a stock screen to accompany this. You will find the screen saved as #90489 on the Shared tab. To open the Stock Screener, select Securities >> Stock Screens on the chart menu.
All weeks is displayed as "...within the last 9999 weeks". Click Edit to adapt the screen for use on other Exchanges (e.g. US) and Indices (e.g. S&P 500).
On the results page, click the TMFC header to order by the number of weeks since Twiggs Money Flow (13-week) crossed above zero.
- The %b column shows the number of standard deviations the stock is above the moving average (e.g. NUF value is 2.08 STD).
- The TMFC column displays the number of weeks since Twiggs Money Flow crossed above zero, a measure of buying pressure.
The first few stocks in the list are likely to be well-established trends that commenced some time ago.
While others, further down the list, will display more recent breakouts.
Please note that stocks shown are for illustration purposes only and are not recommendations. Readers should conduct their own research.
Here is a quick refresh of the Bollinger Bands/Twiggs Money Flow trading strategy.